Loading…
Loading…
The National Wealth Fund (NWF) — the UK's state-owned infrastructure and growth-capital institution, successor to the UK Infrastructure Bank — took a GBP 25 million debt position in Roam, a Denham Capital portfolio company that installs AC ("charge while you park") EV chargers at workplaces, hotels, residential buildings and retail sites. The commitment forms part of a GBP 65 million debt-raise announced 12 November 2025, co-funded by NatWest and Triodos Bank UK, and will finance Roam's expansion from roughly 3,000 installed charge points toward a 40,000-point pipeline.
The NWF frames the deal as supporting government decarbonisation ambitions tied to the Zero Emission Vehicle mandate's 2030 phase-out date for new petrol/diesel car sales — over half of new UK vehicle registrations are now electric or hybrid, against roughly 85,000 public charge points nationally. Clean energy and EV infrastructure are named priority strands of the UK's Modern Industrial Strategy ("Invest 2035", Command Paper CP 1451, filed as 2025-06-23-uk-modern-industrial- strategy), and NWF debt/equity deals of this kind are the state- crowding-in vehicle that operationalises that strategy at company level — the same pattern seen in British Business Bank equity deals such as 2025-12-10-uk-british-business-bank-epilepsygtx-equity-investment.
severity set at 1 (quant, GBP 25m disclosed) reflecting modest fiscal scale relative to broader NWF programme-level commitments.
(NWF, British Business Bank) co-financing private infrastructure build-out in clean-energy/EV-charging alongside commercial lenders (here NatWest, Triodos), rather than displacing private capital.
methodology; no export- or trade-control dimension is present.
2026 (e.g. the later InstaVolt commitment) as a standing programme, or allocates a dedicated envelope under CP 1451's capital uplift.